Purchase price: $57,500 Cash invested: $100 Sale price: $90,000 Small vacant lot, overlooking I-40 on the westside of Nashville How did you find this deal and how did you negotiate it?

I've been at 100% occupancy for my small spaces for the past 5 years.My only feedback is that $2 per month per sq ft NNN seems really high to me, but each market is different. 

When purchasing a small multi family property as a primary residence.

I personally have had amazing success with properties which are between 2 and 12 units, which most people would call “small multi-family.”

I knew these units needed a renovation and I am excited to get them rehabbed and get more juice to squeeze from them.The one I am currently doing will profit me another 200-225/m moreThe one that is vacant the 31st of this month will profit 400-450/m more which is no small amount. 

We are trying to sell because the place is too small for us, and we need every dime of equity we can get out of it to get into a new home.

I do shy away from small cheap houses - 3/1 or 2/1 in bad areas or that are on a pier and beam type foundation.

Additionally, working in a small-town market taught us how to effectively price properties for faster sales without compromising profit.

I do understand that not partnering pushes back your timeline substantially...I'm in the slow and steady wins the race and stay small, own it all camp, though. 

I've done this so many times it is crazy, so speak with experience.Also in small towns trades can be tricky.